London Court Orders Alison-Madueke to Wear Electronic Tag

By Modupe Gbadeyanka The Programme Coordinator for Media and Policy at the Social and Economic Justice Advocacy (SEJA), Mr Jerome-Mario Utomi, has challenged the Lagos State government to lead the movement against environmental injustice. Mr Utomi, while speaking on Tuesday as a panellist at the Institute for Housing and Urban Development Studies (IHS), Erasmus University, Rotterdam, the Netherlands, also advised the government to stop being the coach and captain during environmental conversations. At the panel discussion themed “The role of multi-stakeholder engagement in achieving environmental justice, he noted engagement and collaboration have been overused by those in the position of

By Modupe Gbadeyanka A key suspect in the Dangote Cement price slash scam, Mr Benjamin Ezeukwe, has been arraigned in court by the police in Lagos State. A statement issued by the spokesman of the Lagos Command of the Nigeria Police Force (NPF), Mr Benjamin Hundeyin, disclosed that the accused person was taken to court for prosecution after he was arrested in Rivers State. The Police Public Relations Officer, who is a Superintendent of Police (SP), disclosed that Mr Ezeukwe was picked up by police operatives on Thursday, October 19, 2023, in the Rumuolumeni area of Obio/Akpor local government area

By Adedapo Adesanya The Chairman of the House of Representatives Committee on National Planning and Economic Affairs, Mr Isiaka Ibrahim, has said the National Bureau of Statistics (NBS) must be insulated from political interference to perform more effectively. Mr Ibrahim said this at a Public Lecture to mark the 2023 African Statistics Day celebration in Abuja on Wednesday themed Modernising Data Ecosystems to Accelerate the Implementation of the AfCFTA: The Role of Official Statistics and Big Data in the Economic Transformation and Sustainable Development of Africa. He said the reliability of data from the stats office would be questioned if

By Adedapo Adesanya Nigerians will head to the polls again on Saturday, March 18, 2023, to elect governors and state assembly members following a one-week extension. In all, 18 political parties fielded candidates for the governorship elections slated to hold in 28 out of the 36 states of the federation. This is so because the governorship elections of eight states, Anambra, Bayelsa, Edo, Ekiti, Imo, Kogi, Osun, and Ondo, are held off-season due to litigations and court judgments that brought the incumbents in. However, elections for members of the state legislature will hold in all 36 states of the federation.

Nigeria’s aspiration for wheat production self-sufficiency is being pursued on diverse fronts by stakeholders in the value chain including government, policymakers, farmers, researchers, scientists, institutions, millers, etc. under different aegis and initiatives. For the Flour Milling Association of Nigeria (FMAN), that initiative would be its Wheat Development Programme (WDP). Under the auspices of the FMAN WDP, millers have continued to invest over N500 million annually to support local smallholder wheat farmers amongst other activities aimed at boosting local wheat production in Nigeria. This intervention included a scaled out-grower programme that provided the high-yielding seed for smallholder wheat farmers in the

By Adedapo Adesanya The price of Brent crude oil reached $50 a barrel for the first time since March as strong demand out of Asia and optimism surrounding COVID-19 vaccine progress lifted the outlook for consumption. This pushed the price of the international benchmark higher by 2.99 per cent or $1.46 to $50.32 per barrel and lifted the United States’ futures, West Texas Intermediate (WTI) crude, by 2.94 per cent or $1.34 to $46.86 per barrel. In the US, an all-day regulatory meeting was held on Thursday to determine the next step toward the likely authorization of the first COVID-19

By Dipo Olowookere The Naira crashed to N752/$1 on Friday afternoon at the black market segment of the foreign exchange (forex) market as customers continued to hedge against the devaluation of the local currency. The significant demand for Dollars and the scarcity of foreign currency weakened the Nigerian currency today at the exchange market. In the previous day, the exchange rate of the domestic currency to the greenback was N747/$1, but as customers were unable to get FX from the banks, the forex hawkers raised the rate to N752/$1, indicating a decline of N5 or 0.67 per cent in less

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange appreciated in Week 32 by 2.69 per cent, following sustained bargain-hunting by investors, who are not moved by happenings in the macroeconomic environment. The buying pressure moved the market capitalisation of the unlisted stock exchange to a new high of N1.090 trillion, as the NASD Unlisted Securities Index (NSI) closed at 788.07 points. Four stocks were responsible for the growth recorded in the five-day trading week, offsetting the loss printed by FrieslandCampina Wamco Nigeria Plc, which lost by 3.3 per cent to close at N74.00 per unit versus Week 31 value

By Aduragbemi Omiyale Steps are already being taken by the Central Bank of Nigeria (CBN) to review the Nigerian Sustainable Banking Principles to incorporate climate risk reporting for the banking sector. Ms Aisha Mahmood, the Special Adviser to the Governor of the CBN, Mr Godwin Emefiele, on Sustainable Banking, revealed this information. She disclosed this while delivering her presentation at the Investor Engagement session organised by the Nigerian Exchange (NGX) Limited and the Global Reporting Initiative (GRI) themed Empowering Responsible Investing – ESG Disclosure in Lagos last Wednesday. At the event, she spoke on the CBN’s efforts to enable sustainable

By Adedapo Adesanya Nigerian wireless internet service provider, Tizeti, has announced the securing of an unnamed senior debt facility from Chapel Hill Denham’s Nigeria Infrastructure Debt Fund that will be used to finance the rollout of its state-of-the art broadband network across 15 states in Nigeria. In a statement seen by Business Post, the company said it has been granted long-term financing by the investment company’s fund and will deploy the debt to build new internet infrastructure and purchase additional equipment to expand its services to Delta, Akwa Ibom, Cross River, Abia, Anambra, Imo, Enugu, Abuja, Kano, and Kaduna. Tizeti

By Aduragbemi Omiyale Interest in Netflix stocks went up by 131 per cent, with signing-up to the streaming platform increasing by 166 per cent after sweeping 15 nominations across numerous categories at the Academy Awards nomination announcement. On January 24, 2023, Oscar nominations were released, and an analysis of Google search data by AskGamblers showed that Netflix sign-up exploded over to double the average search volume in one day, an unprecedented increase in movie fans looking to stream some of the most popular titles. Netflix’s most nominated film is All Quiet on the Western Front, a German film set during